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InfoTech Ltd provided the following earnings information for its consolidated operations: InfoTech Ltd reported net incomes of 180,000 for the parent company, 70,000 for Subsidiary

InfoTech Ltd provided the following earnings information for its consolidated operations:

InfoTech Ltd reported net incomes of £180,000 for the parent company, £70,000 for Subsidiary A, and £90,000 for Subsidiary B.

Requirements:

Compile a consolidated income statement for InfoTech Ltd for the year ended 31 December 2021.
Calculate the percentage contribution of each subsidiary to the total consolidated net income.
Assess the financial performance of InfoTech Ltd based on the consolidated earnings.

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